30th Sep 2010 08:53
HYUNDAI MOTOR COMPANY (HMC)
Corporate Disclosure to Korea Exchange
Disclosure date: September 30, 2010
Disclosure title: Disposal of treasury stock
1. Disposal date: September 29, 2010
2. Purpose of disposal: Grant of stock bonus to employees
3. Number of shares disposed:
- Common Shares: 1,684,410 shares
4. Amount of disposal:
- Common Shares: Total KRW 256,030,320,000
(Price per common share is KRW 152,000 which is closing
price for September 29, 2010)
5. Status of treasury stock holdings after disposal:
|
|
Type of shares |
Number of shares |
Percentage (%) |
Total Amount (KRW million) |
|
(A)Number Of Direct Holdings |
Common shares |
11,005,030 |
5.0 |
844,294 |
|
Preferred shares |
2,950,960 |
4.5 |
73,902 |
|
|
(B)Number Of Indirect Holdings By Trust contract |
Common shares |
- |
- |
- |
|
Preferred shares |
- |
- |
- |
|
|
Total (A+B) |
13,955,990 |
4.9 |
918,196 |
|
6. Others
- The number of employees eligible for stock bonus has decreased by 64 since the date on which acquisition of treasury stock was decided by the board. Therefore, the number of shares to be disposed reflects a decrease of 1,920 shares from the actual number of shares acquired for the purpose of granting stock bonus.
- The stock bonus will be granted by method of input into each employee's individual stock trading account.
Related Shares:
Hyundai Mtr.gdr